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Over 60 . . . And Getting Younger: November 21, 2013

The Market

All Americans are in the stock market! Even those people who never bought a security and pooh-poohed the market are in it or affected by the market. If their union, insurance plan or retirement is in a mutual fund, they are in the stock market. Some say money is the root of evil.

As they say, “the market goes up and down, but gradually up.” This statement was proved true after the recession of 2008. Was the world coming to an end?  

Stocks were down 40 to 50 percent. We recall the housing market was shot. Here we are five years later, the market is healthy and though the housing bubble burst, houses are now selling. Stock Brokers are interesting people, when the “blue chip” stocks are green (positive), they are happy and easy to speak with. When the stocks dip, they become less agreeable and quieter. “A rising tide floats all ships.”  

That is a Wall Street axiom, which means that when the market is rising even all your lousy stock picks will also rise.  The small and insignificant stocks are floating upward along with the rest of the market.

“Bears make money- Bulls make money-but Pigs get slaughtered.”  You can make money by being bearish (betting against the market) or even profit by being bullish (optimistic), but if you are a pig and out of control, you can lose it all.

Why are bears listed with loss? When a bear strikes, his paws hit down on his enemy.  When a Bull strikes, he raises his horns up high to gore the subject of his disapproval. As a wise Solomon said, “Look well into your investments.”

Some people love blue chip stocks and some people love penny stocks. There are so many ways to play the stock market. There is no right way. Only the way that makes money is the right way. In Las Vegas, there is a game for every player.

The same holds true for the stock market. Above all, avoid get rich quick schemes.    

Conservative - check out bonds and mutual funds.  Gambler - bet on high risk funds and stocks. As for me, I seek out daily pluses and minuses of the day. I have been doing it for more than 50 years. It is not a habit I am extremely proud of. I always want to know, how did the market do today?

News

Eight students from Jericho High School, the largest number of students from any school on Long Island this year, are among the 300 semifinalists picked from 1,800 entrants nationally and overseas in the annual Intel Science Talent Search.

Brookville’s Green Vale School students were featured in the September/October 2013 issue of Sport Rocketry, the official journal of the National Association of Rocketry.

The seventh-grade students competed nationally at the Team America Rocketry Challenge (TARC) last May in Virginia and were the youngest rocket scientists competing. They were also the only team from Long Island that qualified to enter the competition and one of only two teams from New York State.


Sports

The Syosset Braves 11-year-old football team recently won the Superbowl Championship Game against the Rosedale Jets with a final score of 13 to 0.

The Farrell & Schmidt Ho Ho Ho 5-Kilometer Run started and finished at the John F. Kennedy Middle School in Bethpage on Dec. 21. The top local finisher was Tim Mahony of Syosset, who scored in 11th place overall and third in the 15 to 19 age group.

Other locals winning awards in this year’s Ho Ho Ho Run were Gina Ferraro of Syosset (2nd woman, 35-39 age group), Patty Santella of Syosset (3rd woman, 45-49 age group), Kim Solomine of Syosset (2nd woman, 55-59 age group).


Calendar

Jericho Wheelchair Basketball

January 17

Reality Check on America’s Economy, Health Care & Budget

January 17

Open Forum: Now What Do I Say?

January 21



Columns

1959: The Year The Music Stopped Playing
Written by Michael A. Miller, mmillercolumn@gmail.com

The Eccentric Heiress Of ‘Empty Mansions’
Written by Mike Barry, MFBarry@optonline.net

Yellow Margarine And A Pitch For The Ages
Written by Michael A. Miller, mmillercolumn@gmail.com